The composition of Guinea-Bissau's GDP in 2023 shows a significant dependence on the agriculture sector, contributing 44.16%. Wholesale and retail trade, along with restaurants and hotels, represent 21.14% of the GDP. The services sector holds a 14.73% share, while mining, manufacturing, and utilities contribute 13.46%. Transport, storage, and communication account for 5.23%, and construction at 1.29%. Over the last two years, growth has been stagnant or declining in these sectors. In a five-year perspective, the overall compound annual growth rate indicates slow progress, reflecting structural challenges in the economy.
Future trends to watch include:
- Diversification efforts in the economy to reduce reliance on agriculture.
- Potential growth in infrastructure and construction, supported by foreign investments.
- Exploration of natural resources that might boost the mining and utilities sectors.
- Development in the digital economy could revitalize the services and communication sectors.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Agriculture, hunting, forestry, fishing | 44.16 | 2016 | |
| 2 | 2 Wholesale, retail trade, restaurants and hotels | 21.14 | 2016 | |
| 3 | 3 Services | 14.73 | 2016 | |
| 4 | 4 Mining, Manufacturing, Utilities | 13.46 | 2016 | |
| 5 | 5 Transport, storage and communication | 5.23 | 2016 | |
| 6 | 6 Construction | 1.29 | 2016 |
